Pakgen Power Ltd's earnings shoot up by 70% during 1HCY20
MG News | August 18, 2020 at 03:40 PM GMT+05:00
August 18, 2020 (MLN): Pakgen Power Limited company has announced the results for the half-year ended June 30, 2020, wherein the company has earned profits of Rs. 2.25 billion (EPS: 6.06), i.e. around 70% higher than the bottom-line income of the same period last year.
Even though the revenue of the company fell by 26%, the decline in the cost of sales by 58% helped in lifting the gross profits by almost 51%.
However, the company suffered some setbacks in the form of an increase in Administrative expense and non-core expense by 51% and 21% respectively, which was coupled with a decline in other income by 50%.
There was a minimal change of 4% in finance costs, whereas no income tax was paid during the period.
| Financial Results for the half-year ended June 30, 2020 (Rupees'000) | |||
|---|---|---|---|
| Jun-20 | Jun-19 | % Change | |
| Sales | 4,993,768 | 6,734,197 | -25.8% |
| Cost of sales | (1,976,245) | (4,733,475) | -58.2% |
| Gross Profit | 3,017,523 | 2,000,722 | 50.8% |
| Administrative expenses | (114,741) | (94,907) | 20.9% |
| Other expenses | (1,295) | (1,388) | -6.7% |
| Other income | 38,297 | 77,439 | -50.5% |
| Finance cost | (683,311) | (657,958) | 3.9% |
| Profit before taxation | 2,256,473 | 1,323,908 | 70.4% |
| Taxation | - | - | |
| Profit after taxation | 2,256,473 | 1,323,908 | 70.4% |
| Earnings per share | 6.06 | 3.56 | 70.2% |
Copyright Mettis Link News
Related News
| Name | Price/Vol | %Chg/NChg |
|---|---|---|
| KSE100 | 151,707.52 244.73M | -0.79% -1200.45 |
| ALLSHR | 90,950.95 421.06M | -0.91% -834.89 |
| KSE30 | 45,918.57 92.97M | -0.83% -386.29 |
| KMI30 | 220,125.22 87.98M | -0.85% -1889.21 |
| KMIALLSHR | 59,363.52 256.09M | -1.02% -613.27 |
| BKTi | 41,297.63 25.33M | -0.60% -248.70 |
| OGTi | 31,189.41 18.57M | -2.53% -809.48 |
| Symbol | Bid/Ask | High/Low |
|---|
| Name | Last | High/Low | Chg/%Chg |
|---|---|---|---|
| BITCOIN FUTURES | 66,180.00 | 69,315.00 65,710.00 | -2590.00 -3.77% |
| BRENT CRUDE | 114.57 | 114.88 105.09 | 6.56 6.07% |
| RICHARDS BAY COAL MONTHLY | 111.15 | 111.15 111.15 | 0.35 0.32% |
| ROTTERDAM COAL MONTHLY | 122.70 | 125.00 122.70 | -0.15 -0.12% |
| USD RBD PALM OLEIN | 1,175.00 | 1,175.00 1,175.00 | 0.00 0.00% |
| CRUDE OIL - WTI | 101.18 | 101.24 92.08 | 6.70 7.09% |
| SUGAR #11 WORLD | 15.75 | 15.93 15.66 | -0.12 -0.76% |
Chart of the Day
Latest News
Top 5 things to watch in this week
Monetary Aggregates (M3) - Monthly Profile
Pakistan Stock Movers
| Name | Last | Chg/%Chg |
|---|
| Name | Last | Chg/%Chg |
|---|